AMAZON ENHANCED HIGH INCOME (AMHE.CA) Stock Technical Analysis
TSX:AMHE - Toronto Stock Exchange - CA41751W1041 - ETF - Currency: CAD
We assign a technical rating of 6 out of 10 to AMHE. AMHE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, AMHE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.53, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 13.41 to 13.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.71 to 12.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.64 to 13.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AMHE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMHE.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AMHE.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMHE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMHE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMHE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.86 | NEUTRAL | The RSI value for AMHE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AMHE.CA has a positive trend. |
| Stochastics (14,3) | 82.91 | OVERBOUGHT | The high Stochastics value suggests AMHE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for AMHE.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 20.68 | NEUTRAL | The ADX value for AMHE.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.65 | 13.40 | 0.25 (1.83%) | 25.00% |
| An entry @13.65. This is a Buy Stop order right above the resistance zone. | An exit @13.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.25 points, which is 1.83%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AMHE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:AMHE (7/11/2025, 7:00:00 PM)
13.62
+0.21 (+1.57%)